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20121129
20121207
Search Results 0 to 9 of about 10 (some duplicates have been removed)
he said he would consider lowering tax breaks again next year. mr. obama wants to raise taxes on individuals who make more than $200,000 a year and on couples making more than $250. he said this today. the way to recovery. bill whitaker reports from california. schools close as the flu bug spreads. elaine quijano reports on where the virus is woshs and how efgtd the vaccine can be. and what city in america. >> raise revenues that are sufficient to balance with >> the issues is that we are going to have to raise revenues that are sufficient to balance with very you have to cuts that we've already made and we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> pelley: that, the republican house speaker said in response, will never work. the republican counter offer cuts spending and raises taxes for no one and nancy cordes has the state of play as of tonight. nancy? >> reporter: scott, a dispute erupted today over whether negotiations are going on at all. top republican aides insisted they hit a wall while the white h
of the benefits of cutting taxes. president obama, i hope you're watching this. >> this can be the most important step we could take to prevent another recession. that is the right time to make tax cuts both for your family budget and the national budget. resulting from a permanent basic reform and reduction in our rate structure, a creative tax cut creating more jobs and income and eventually more revenue. it will include an across the the board top to bottom cut in both corporate and personal income taxes. the billions of dollars this bill will place in the hands of the consumer, and our businessmen, will have both immediate and permanent benefits to our economy. every dollar released from taxation that is spent or invested will help create a new job and a new salary and these new jobs and new salaries can create other jobs and other salaries. >> right. that is the message that president obama needs to hear. unfortunately, there's growing evidence to indicate that he's not interested in striking any deal at all. now, he may, in fact, want us to all go over the fiscal cliff. after all, he would
. president obama's first offer fiscal cliff, higher taxes, new spending and power over the debt spending. and offered by tim geithner who had tax problems in the past and today president obama is it at a toy factory campaigning for new taxes on the rich. and joining us is julia. >> hi. stuart: how are you. >> i'm great. stuart: i can't believe that you, as a regular american, want to do this to america, do you? >> i think it's because-- i don't think that this is exactly what what's going to happen. stuart: you don't think that the president will actually do this. >> no, no, i think the president has learned to negotiate. what the president would do, he would start with sort of half a loaf and negotiate and give the republicans about 75% of what they wanted. i think he's finally understood if you want to actually get to at least halfway, you have to start at extremes and meet halfway. republicans have done this all along. stuart: you agree with me, if this plan, anything like it from the president, were imposed on the economy at this time it would lead to recession. >> i think that the p
of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on lawmakers to extend the tax rates on f
obama's proposal calls for $1.6 trillion in new tax revenue. $50 billion for new stimulus spending. and about $400 billion in entitlement cuts. republicans say, the president's proposal's nothing but a political stunt. here is boehner. >> the white house spends three weeks trying to develop a proposal and they send one up here that calls for $1.6 trillion in new taxes, calls for a little -- not even $400 billion in cuts, and they want to have this extra spending that is actually greater than the amount they're willing to cut. i mean, it is -- it was not a serious proposal. and so right now we're almost nowhere. >> what we will do is continue to take this as a serious matter. this is not a game. we're not interested in playing rope adope. we're interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody, so that we can engage in tax reform, get this economy going again. we're not playing a game. we're being serious. that offer yesterday was simply not serious. >> oh, boy. scrooge, rope-a-dope. where does that leave us after months of
is meant to give president obama a boost when it comes to raising taxes on those who make more than $200,000 a year. the california federation of teachers are trying to spread this thing around. so far there is no world there is this video being played in classrooms. megyn: they just got a whole lot of airtime on fox news. it raises some interesting questions that we do want to debate. thank you. megyn: what does this message say about the people that are teaching our children what they think. we have monica crowley now. you have to laugh a little bit, don't you? another people are very upset. but, you know, i don't know. does it disturb you that the people who put this together are teaching our children? are you shocked that this is the way they think? >> they want to laugh, which is why they put in this comical cartoonish kind of way, so that if you raise legitimate issues, you are considered some sort of humorless person who doesn't really get it. the problem here is twofold. the teachers that put out this video, at least the union made on behalf of the teachers, these were the people
expect those cuts to be made. given the obama victory on november 6th, democrats sense they have somewhat of a mandate to increase taxes on wealthy as we all heard. you hear much less about cutting government spending. to make matters worse, citizens sense government waste, congress, especially senate where most members are committee chairman or subcommittee chairman are inate bias against cutting government spending. this is tom schatz. >> they don't want to give up power, jurisdiction or the money. it is also a lot easier for members of congress to run back home and say i'm fixing this problem by spending money. i'm not fixing the problem by solving the problem, and providing the benefits that people need. >> reporter: cutting spending and attending to constituent needs are often very much in conflict, jenna. jenna: we heard a lot of different strategies, haven't we, doug, the ways to tackle the debt and deficit. is there any alternative that really exists besides cutting government waste and spending? >> reporter: one potential avenue they could take would be to actually fall off the f
. president obama continues to insist any deal must include a tax break increase on the top 2% of wage earners, which republicans, we well know, just as firmly insist, that is a nonstarter in these cliff negotiations. another element to this fight now, which is important, is the debt ceiling. it's likely the country will come up against that marker again early next year, laying the groundwork for another potentially bitter, bruising, and damaging battle between congress and the white house. we know how well that went last summer when we filed a debt ceiling fight. the proposal offered by treasury secretary timothy geithner last week to republicans would change the rules as it relates to the debt ceiling, giving more power to the president and making it harder for congress to block a debt ceiling increase in the future. the president clearly wants to take the threat of this continued fight on the debt ceiling off the table. listen to the president yesterday. >> if congress, in any way, suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once aga
Search Results 0 to 9 of about 10 (some duplicates have been removed)